Net Asset Value(s)

    RNS Number : 1305Y
  PSolve Alternatives PCC Ltd
  02 July 2008
   

    PSolve Niche Opportunities Fund - Net Asset Value 

    PSolve Niche Opportunities Fund is a closed-ended protected cell of PSolve Alternatives PCC Limited (the "Company").

    2 July 2008 

    Net Asset Value

    As at 31 May 2008, the final net asset value per share of the Company's shares was 98.64p. Performance in May 2008 was +0.06% based on
the final net asset value at 30 April 2008 of 98.58p.

    This valuation is for information purposes only. Monthly net asset values are based principally on formal valuations supplied to the
Company by the administrators of the Company's underlying investments. Where no such valuation has been received by the Company's valuation
date, an estimated valuation prepared by the manager or administrator of the underlying fund has been used. 

    Investors should note that many or all of the Company's investments are unquoted and that valuations or estimates are unaudited and may
not comply with generally accepted accounting or valuation principles. Furthermore, no verification or other due diligence process has been
undertaken in respect of these valuations or estimates and PSolve Alternatives PCC Limited accepts no responsibility for the accuracy of
such information.

    Investment Policy

    PSolve Niche Opportunities Fund targets absolute returns in excess of 15% per annum averaged over any five year period with low
correlation to traditional equity benchmarks and volatility of less than 10%.

    The Company seeks to achieve this through active portfolio management beginning with a top down macro analysis of global opportunities
and risks, then building the portfolio by identifying hedge fund managers on a bottom up basis. Diversification of return drivers is sought
to ensure that the portfolio is able to generate returns and suffer limited downside during market events. The portfolio will typically
comprise of around 20 managers. There is an emphasis on smaller, niche hedge funds.

    The Company's shares are denominated in Sterling and the Company will apply a currency hedging policy to protect the Sterling value from
movements in the US Dollar denominated underlying investments.

    Investment of Net Proceeds of Issue

    As at 31 May the Fund was approximately 90% invested in 19 underlying hedge funds across 5 strategies.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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